Rebound Insight
Our Pivot: 1707
Our Preference: Buy Gold above 1714 with strict stop loss of 1707 and profit target at 1725 with extension towards 1730.
Alternate Scenario: Downward penetration of 1707 will call for 1701 and 1693.
NOTE: Hourly momentum indicators are in pull back mode.
Chart with supports & resistances:
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